Insurance

The title industry -- a parental view

Article Abstract:

The title business must prepare for change and cease relying on regulation to protect it. John Burns, president and CEO of Alleghany Corp, and Robert Steinberg, president and COO of Reliance Group Holdings, spoke at the 1994 ALTA convention about their respective title companies - Chicago Title and Trust and Commonwealth Land Title Insurance - and about the industry in general. Title companies must develop a focus on getting the best employees and providing the greatest value to customers in order to survive.

Publisher:American Land Title AssociationPublication Name:Title NewsSubject:InsuranceISSN:0040-8190Year:1995

Outlook promising for arbitration of title insurance disputes

Article Abstract:

The American Land Title Assn (ALTA) and the American Arbitration Assn (AAA) have worked together to develop rules regarding the arbitration of disputes involving title policies. ALTA believes arbitration can reduce legal costs, resolve claims more quickly, avoid court congestion and reduce the risk of punitive damages or unfair claims. A sampling of arbitration cases tends to support ALTA's beliefs and they hope more usage of the process developed with the AAA will be beneficial.

Author: Lerner, Richard E.

Publisher:American Land Title AssociationPublication Name:Title NewsSubject:InsuranceISSN:0040-8190Year:1992

Title insurance in 2000 - two cautionary tales

Article Abstract:

The title insurance industry faces an uncertain future. Changes in technology, competition from other industries, less clearly defined products and services and the uncertain scope of regulation could make title insurance a more vital and important profession, or could make it obsolete as title services become value added services for other professionals.

Author: Lipshutz, Nelson R.

Publisher:American Land Title AssociationPublication Name:Title NewsSubject:InsuranceISSN:0040-8190Year:1995